Cradle of Hope Inc

Analysis

Cradle of Hope Inc is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cradle of Hope Inc reported income of $395k and spending of $323k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $395k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cradle of Hope Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Association to Meet Emergency Needs Inc ($395k), Children of Pokat Educational Fund Inc ($395k) and Autism Project of Palm Beach County Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $154k. At year end it held assets of $1.2m against liabilities of $9,980, net assets of $1.2m. It reported 5 employees.